The continued preference Indians have for gold cannot be termed as a tradition. Instead, it shows a lack of confidence in exploring other income-generating financial assets available in the market other than bank deposits. If the ‘quest for gold’ is to be changed, a structural reform of the financial sector is required so that people start shedding inhibitions about investing in other financial products (Editorial – “Gold shines”, May 17). Demonetisation also affected the confidence of the ordinary man who is generally unskilled in financial matters.
Radhakrishnan M.V.,
Thrissur, Kerala
